Luckin jolts Wall Street: Starbucks’ big rival in China soared in its market debut, jumping nearly 50% at one point during the day.
A Cray-z purchase: Shares of Cray surged 22% after Hewlett Packard Enterprise said it would buy the legendary tech company for $1.3 billion. You may remember Cray computers from their prominent cameo in 1993’s “Jurassic Park.”
A first time for everything: Baidu, one of China’s biggest tech companies, posted its first loss since going public in 2005. The company blamed the drop partially on China’s broadening economic slowdown.
Hurting the heartland: The escalating trade tension between the US and China is bad news for farmers and tractor maker Deere. The company’s stock fell 7% after it reported disappointing earnings and lowered its outlook.
False sense of safety: Earlier this week, WhatsApp revealed a security flaw that could let hackers access users’ phones. While most people were never at risk of having their private chats revealed, there’s still plenty to worry about.